EPFO adds 14.81 lakh net subscribers in August, 12.61% increase over July data

Retirement fund body EPFO net added 14.81 lakh subscribers in August 2021.

New Delhi: Retirement fund body EPFO net added 14.81 lakh subscribers in August 2021, reflecting a growing trend in net payroll for the first five months of this fiscal. The provisional payroll data of Employees' Provident Fund Organisation (EPFO) released on Wednesday highlights that it added around 14.81 lakh net subscribers during the month of August 2021, a labour ministry statement said.

The data reflects a growing trend in net payroll for the first five months of the current financial year, it added.

For the month of August, the net subscriber addition increased by 12.61 per cent as compared to the previous month of July 2021. Of the total 14.81 lakh net subscribers, around 9.19 lakh members have come under the social security ambit of EPFO for the first time.